China National Petroleum Corporation (CNPC) Northeast Refining & Chemical Engineering Company on Wednesday secured an engineering, procurement and construction (EPC) contract from a Cambodian conglomerate to construct a 620 million-U.S.-dollar oil refinery in its first phase. The EPC contract was inked here between Li Limin, chairman of CNPC Northeast Refining & Chemical Engineering Company, and […]
Continue ReadingThe Cabinet has finally made a decision to solve the problem of connections between the two electric rail lines in Bangkok. Transport Minister Arkhom Termpittayapaisith said on Tuesday that the weekly Cabinet meeting has decided to make the operation of the Blue Line MRT extended rail service to the Tao Poon – Bang Sue station, […]
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CMX Renewable Energy Inc. has applied for a license to build a 150 MW PV plant, costing an estimated USD150 million, in Vietnam’s Ninh Thuan province, just as the solar market is being stirred within the country. It is an exciting prospect for Vietnam’s central province of Ninh Thuan, as Canadian energy company CMX Renewable […]
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City Realty Co, owned by Thai tycoon family Sophonpanich, joined hand with The Mall Group to develop a new mix-used property project with an investment of around 30 billion baht ($857.14 million). This is their second project together after the companies co-developed the Emporium project before. The new project, which is to come up in […]
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With an unfavourable economy and the property market slowing, developers in southern Thailand must work harder to understand demand, develop better quality products and manage risks prudently, says a senior Bank of Thailand official. Sureeratana Luckananit, senior director at the central bank’s southern region office, said the global economic recovery would be gradual and likely […]
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The Thailand Property Awards nominations for the Eastern Seaboard’s Best Condominium Development and Best Villa Development are being submitted until July 8, with the nominated developments submitting their entry forms up until July 15. Eastern Seaboard site visits will be conducted from July 25 to August 15, with the Thailand Property Awards 2016 Central and […]
Continue ReadingFour decades of solid Thailand and China relations have almost been derailed by their failure to reach a final agreement on the construction of a high-speed train system. After nine rounds of back and forth negotiations since January 2015, Thailand surprisingly has thrown down the gauntlet. At the end of March in Sanya, Hainan Island, […]
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Thailand’s Finance Ministry is considering offering incentives to property developers that build homes for Thai seniors. Thailand’s population is aging, according to Wisudhi Srisuphan, Deputy Finance Minister. Mr. Wisudhi stated that the government wanted property developers to build homes for the disabled and elderly that were innovative. “If property firms developed innovative homes, they could […]
Continue ReadingBuilk Asia launched last week as an e-commerce portal that connects steel producers with buyers in the construction industry. After a year of testing its e-commerce operations, Builk Asia’s Builk.com launched last week as a portal where construction companies in Thailand and other Asian countries can buy steel and other construction materials and products. Builk.com […]
Continue ReadingThai construction contractor Ch Karnchang Pcl said on Thursday it expected higher revenue this year thanks to the government’s infrastructure investments, which should help stimulate activity in the sector. Ch Karnchang, one of Thailand’s top three firms in the sector, aimed for construction revenue of 35-38 billion baht ($998 million-$1.08 billion) in 2016 versus 34.8 […]
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